Bitcoin is on track for a major bull run, potentially reaching $130,000 by September 2025, according to veteran trader Peter Brandt. His analysis hinges on the Bitcoin halving event that occured in April 2024.

Historically, these halvings have led to substantial price increases. The halving reduces the reward for mining new blocks by half, decreasing the supply of new Bitcoins entering the market. This scarcity often drives prices up, as seen in previous cycles.

Brandt points out that past Bitcoin bull markets have typically peaked around 16-18 months after a halving event. The current bull run, which began in December 2022, is showing similar patterns to those seen before previous halvings. Since hitting a low of $16,800 in December 2022, Bitcoin has surged over 300%.

This impressive growth has fueled speculation about the cryptocurrency's future performance post-halving.

However, Brandt warns investors to remain cautious.

While historical trends provide a useful framework, they are not foolproof predictors. The cryptocurrency market is notoriously volatile and influenced by a myriad of factors beyond just the halving events. Economic conditions, regulatory changes, and market sentiment can all play significant roles in Bitcoin's price movements.

In addition to Brandt's analysis, other market observers have also noted the potential for a bullish run. Factors such as increased mainstream adoption, advancements in blockchain technology, and growing interest from institutional investors all contribute to a positive outlook for Bitcoin. These elements, coupled with the historical impact of halving events, bolster the case for a significant price increase.